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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?


To: VisionsOfSugarplums who wrote (6007)2/11/1999 1:14:00 AM
From: dumbo  Read Replies (1) | Respond to of 24922
 
With REl's debt levels, questions surrounding the viability of the Doig play and the reluctance of all buyers to take risk, this take- over may be defined by the banks! There may be no value to the equity and the banks will force the sale to a buyer with a stronger balance sheet. I wouldn't count on a big premium.